Rafferty Asset Management LLC Acquires 99,784 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Rafferty Asset Management LLC increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 494,737 shares of the company's stock after purchasing an additional 99,784 shares during the quarter. Rafferty Asset Management LLC's holdings in Keurig Dr Pepper were worth $15,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Townsquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after acquiring an additional 342 shares in the last quarter. Barden Capital Management Inc. boosted its position in Keurig Dr Pepper by 0.9% during the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares in the last quarter. Custom Index Systems LLC boosted its position in Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after acquiring an additional 357 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted its position in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KDP shares. UBS Group lifted their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.54 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $34.21 and its 200-day moving average price is $33.00. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The stock has a market cap of $45.55 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the previous year, the firm posted $0.38 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.

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